OCC Bulletin 2017-14 | April 7, 2017

Revised Comptroller’s Licensing Manual Booklet

To

Chief Executive Officers of All National Banks; Department and Division Heads; All Examining Personnel; and Other Interested Parties

Summary

The Office of the Comptroller of the Currency (OCC) issued today the “National Bank Director Waivers” booklet of the Comptroller’s Licensing Manual. This revised booklet replaces the booklet titled “Director Waivers” issued in March 2008. The revised booklet provides updated guidance on required filings when a national bank board of directors requests waivers of the citizenship and residency requirements for an individual or a group of individuals. These director requirements do not apply to directors of federal savings associations.

Note:

Note for Community Banks

The principles contained in this guidance apply to all national banks.

Highlights

The revised “National Bank Director Waivers” booklet

summarizes the national bank director qualifications required by 12 USC 72.
outlines the application process for a national bank to request the OCC to waive the requirements, as applicable.

Further Information

Please contact Karen Marcotte, Manager for Licensing Activities, at (202) 649-6260. Stephen A. Lybarger Deputy Comptroller for Licensing

"National Bank Director Waivers" (PDF)

Topic(s):

charters-and-licensing